SL Green Realty (NYSE:SLG) Stock Lifted to “Hold” by Wall Street Zen

by · The Cerbat Gem

SL Green Realty (NYSE:SLG – Get Free Report) was upgraded by equities research analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a report released on Saturday, Wall Street Zen reports.

A number of other brokerages also recently weighed in on SLG. Barclays lifted their target price on SL Green Realty from $52.00 to $54.00 and gave the stock an “equal weight” rating in a report on Tuesday, September 8th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of SL Green Realty in a research report on Tuesday, August 25th. UBS Group set a $60.00 price objective on SL Green Realty in a report on Monday, July 27th. Mizuho set a $53.00 price target on SL Green Realty in a research report on Tuesday, September 8th. Finally, Morgan Stanley set a $52.00 price objective on SL Green Realty and gave the stock an “equal weight” rating in a research report on Wednesday, July 22nd. Six analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $55.15.

Check Out Our Latest Stock Analysis on SLG

SL Green Realty Stock Up 2.1%

NYSE SLG opened at $50.24 on Friday. SL Green Realty has a fifty-two week low of $34.77 and a fifty-two week high of $60.09. The company has a debt-to-equity ratio of 1.11, a current ratio of 2.92 and a quick ratio of 3.10. The business has a fifty day moving average price of $52.05 and a two-hundred day moving average price of $49.29. The stock has a market capitalization of $3.57 billion, a PE ratio of 9.86, a PEG ratio of 3.98 and a beta of 1.66.

SL Green Realty (NYSE:SLG – Get Free Report) last announced its quarterly earnings results on Wednesday, October 21st. The real estate investment trust reported $1.01 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.25) by $1.26. The company had revenue of $165.55 million for the quarter, compared to analyst estimates of $176.97 million. SL Green Realty had a negative net margin of 12.03% and a negative return on equity of 3.18%. The firm’s revenue was up 10.6% on a year-over-year basis. During the same period in the previous year, the firm posted $1.58 EPS. Equities analysts expect that SL Green Realty will post 5.72 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, insider Harrison Sitomer sold 23,113 shares of the company’s stock in a transaction dated Friday, August 21st. The shares were sold at an average price of $57.71, for a total value of $1,333,851.23. Following the transaction, the insider owned 109,468 shares in the company, valued at $6,317,398.28. The trade was a 17.43% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 5.94% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On SL Green Realty

A number of institutional investors have recently bought and sold shares of the stock. Allworth Financial LP boosted its holdings in shares of SL Green Realty by 24.3% in the 2nd quarter. Allworth Financial LP now owns 2,554 shares of the real estate investment trust’s stock valued at $132,000 after buying an additional 499 shares in the last quarter. Integrated Wealth Concepts LLC purchased a new position in shares of SL Green Realty in the second quarter worth $33,000. Glenmede Trust Co. NA lifted its position in SL Green Realty by 3.8% during the 1st quarter. Glenmede Trust Co. NA now owns 17,370 shares of the real estate investment trust’s stock worth $642,000 after acquiring an additional 639 shares during the period. Probity Advisors Inc. raised its position in SL Green Realty by 6.1% during the 3rd quarter. Probity Advisors Inc. now owns 11,546 shares of the real estate investment trust’s stock worth $565,000 after buying an additional 665 shares during the last quarter. Finally, Carson Advisory Inc. boosted its holdings in shares of SL Green Realty by 3.3% in the 1st quarter. Carson Advisory Inc. now owns 22,213 shares of the real estate investment trust’s stock valued at $821,000 after acquiring an additional 700 shares during the last quarter. 89.96% of the stock is owned by institutional investors.

Key Stories Impacting SL Green Realty

Here are the key news stories impacting SL Green Realty this week:

  • Positive Sentiment: 2026 guidance was raised materially: SL Green now expects full-year earnings of $6.50–$6.70 per share, well above the $5.69 consensus estimate. Management attributed part of the improvement to incremental income from property transactions, including the planned sale of 110 Greene Street for $226 million. SL Green Realty Corp. Increases Earnings Guidance
  • Positive Sentiment: Leasing momentum remained strong: The REIT signed 38 Manhattan office leases covering 591,108 square feet, while same-store office occupancy reached 95% at September 30, including leases that have not yet commenced. This supports management’s optimistic outlook for New York City office demand. SL Green Realty Boosts Outlook Amid Strong Manhattan Leasing
  • Positive Sentiment: Quarterly net income improved: Third-quarter net income attributable to common shareholders rose to $1.01 per share from $0.34 a year earlier. SL Green also completed the sale of 10 East 53rd Street for $312.2 million, generating $99 million in net cash proceeds.
  • Neutral Sentiment: Core FFO largely met expectations: Third-quarter FFO was $1.59 per share, nearly unchanged from $1.58 a year earlier and in line with the consensus estimate. Revenue increased year over year but was below analysts’ forecast, limiting the quarter’s underlying earnings upside. SL Green Matches Q3 FFO Estimates
  • Negative Sentiment: Analyst sentiment weakened: Zacks Research downgraded SL Green from “strong buy” to “hold,” while J.P. Morgan also maintained a hold rating. The ratings may temper enthusiasm because the higher outlook depends partly on asset sales and other potentially nonrecurring income.

SL Green Realty Company Profile

(Get Free Report)

SL Green Realty Corp. (NYSE: SLG) is a self-managed real estate investment trust focused primarily on acquiring, owning, managing and redeveloping commercial properties in Manhattan. The company is one of New York City’s prominent office landlords, with a portfolio concentrated in high-quality office buildings and related retail assets.

Its activities include leasing office and retail space, property management, redevelopment and development projects, and providing amenities and services designed to support tenants.

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